Business

Community Health Systems Inc. reports 5.1 percent revenues drop

WARREN — Community Health Systems Inc., which announced last week it is selling Trumbull Memorial Hospital and other area facilities, said its net operating revenues fell about 5.1 percent last year compared to 2015. Franklin, Tenn-based CHS released its financial and ...

Area gas prices rise slightly

WARREN — Average gas prices across the Mahoning Valley rose about 4 cents on Tuesday over the previous week, but remained lower than they were the same time last month. In the Warren-Youngstown area, the average cost for a gallon of regular gasoline was $2.07 versus $2.03 the ...

Local bank stocks remain unchanged

Unchanged since the middle of last week, local financial stocks again stood pat Tuesday, with First Niles Financial closing at $10 per share and Cortland Bancorp closing at $18.35 per share. The market was closed Monday in observance of Presidents Day.

Perkins owner files for bankruptcy

WARREN — The owner of several area Perkins Restaurant and Bakeries, including the one on Elm Road, has filed for bankruptcy. Pittsburgh-based Unique Ventures Group filed for Chapter 11 protection Feb. 13 through the U.S. Bankruptcy Court, Western District of Pennsylvania. The company, ...

Business briefs

TOP PRODUCER NAMED: William Zamarelli Inc. recently named Leslie Cornicello as top producer in both listings and sales for 2016. Cornicello, a graduate of Realtor Institute and an Accredited Buyer Representative, has earned the Ohio Association of Realtors Presidents Sales recognition for the ...

Cleveland Auto Show to spotlight Chevy Cruze

Lou Vitantonio is well aware of the pride the Mahoning Valley and, for that matter, all of Northeast Ohio takes in the Chevrolet Cruze. For years, the Cruze sedan has been one of General Motors’ top-selling vehicles, and the automaker’s most popular small car. “It’s apparent when ...

Cleveland gears up for 2017 auto show

Maybe you’re looking to catch a glimpse of that life-sized LEGO Batmobile from Chevrolet. Or, you’re hoping to drive away in a 2017 Chevrolet Cruze Premier. It could be you’re a car or truck enthusiast who wants to check out the latest in what the industry has to offer. How about ...

Prepare taxes before deadline

Self-employed taxpayers normally earn income by carrying on a trade or business. Here are six important tips from the IRS for the self-employed: • Defining a self-employed taxpayer Sole proprietors and independent contractors are two types of self-employment. Taxes can be complex for ...

Groups increase fight against tax proposal

NEW YORK — More than 100 retailers including Wal-Mart and Target as well as key trade associations are launching a new coalition aimed at fighting a Republican proposal on how imports get taxed, a measure they believe would harm their businesses. The National Retail Federation, along ...

Local bank stocks unchanged

Local bank stocks held steady in trading Thursday, with First Niles Financial closing at $10 per share and Cortland Bancorp closing at $18.35 per share.

Arconic monetizes Alcoa stake

WEATHERSFIELD — Arconic Inc., which has operations in the township, announced it has monetized more than 60 percent of the 36 million shares it retained in Alcoa Corp. The New York-based company said Wednesday that the sale of 23 million Alcoa Corp. shares will result in approximately $890 ...

Local bank stocks end mixed on Wednesday

After standing pat since late last week, local financial stocks were mixed following trading Wednesday. First Niles Financial remained at $10 a share, but Cortland Bancorp lost 7 cents to close at $18.35 a share.

Valley gas prices steady during the previous week

WARREN — Despite slight increases in fuel costs across the country and statewide, locally, the average price for a regular gallon of gasoline remained consistent last week, according to auto club AAA. The average price of a gallon of regular gasoline in the Warren-Youngstown area on Monday ...

CenturyLink sets high-speed Internet for Newton Falls

WARREN — CenturyLink Inc. has expanded its high-speed Internet services to about 125 homes and businesses in Newton Falls, the company announced Monday. The company said it will offer faster connection speeds as part of its plan to bring broadband to rural areas of Ohio. Various speeds ...

No change in local bank stocks

Local financial stocks were unchanged on Monday. First Niles Financial stood pat at $10 per share, while Cortland Bancorp stayed at $18.42 per share.

Business briefs

A-1 JOINS BUILDERS: A-1 Industrial Painting has joined the Builders Association as its newest member. The Struthers-based company specializes in industrial lead removal and painting. New businesses / expansions DOLLAR GENERAL OPENS MESPO STORE: Dollar General has opened a store in ...

Retired Siemens CEO now champions STEM programs in the Valley

Despite rising to the top rung of the corporate ladder, Eric Spiegel never forgot his Mahoning Valley roots. Spiegel, a Poland native, retired as president / CEO of Siemens USA at the end of 2016. But the 59-year-old, a 1976 Poland Seminary High School graduate, said he plans to remain an ...

IRS has ‘Dirty ‘Dozen’

The Internal Revenue Service wants to make taxpayers aware of improper claims for business credits – a topic included on its “Dirty Dozen” list of tax scams for the 2017 filing season. Compiled annually, the Dirty Dozen list includes a variety of common scams taxpayers might encounter ...

Valley starts the year with auto-sales jump

WARREN — Auto sales across the Mahoning Valley jumped 18.6 percent last month over where they were in January 2016. There were 4,967 new and used vehicles sold in January, according to the Greater Cleveland Automobile Dealers’ Association. That compares with 4,188 the same month last ...

Local bank stocks mixed on Friday

Local bank stocks were mixed after Friday’s trading. While First Niles Financial stood pat for a second day in a row to close at $10 a share, Cortland Bancorp regained and added to what it lost earlier in the week, jumping 57 cents to close at $18.42 a share.